The Reserve Bank of India has started issuing Master Directions on all regulatory matters beginning January 2016. The Master Directions consolidate instructions on rules and regulations framed by the Reserve Bank under various Acts including banking issues and foreign exchange transactions. The process of issuing Master Directions involves issuing one Master Direction for each subject matter covering all instructions on that subject. Any change in the rules, regulation or policy is communicated during the year by way of circulars/press releases. The Master Directions will be updated suitably and simultaneously whenever there is a change in the rules/regulations or there is a change in the policy. All the changes will get reflected in the Master Directions available on the RBI website along with the dates on which changes are made. Explanations of rules and regulations will be issued by way of Frequently Asked Questions (FAQs) after issue of the Master Directions in easy to understand language wherever necessary. The existing set of Master Circulars issued on various subjects will stand withdrawn with the issue of the Master Direction on the subject.

All India Financial Institutions
Nov 28, 2025
Reserve Bank of India (All India Financial Institutions – Miscellaneous) Directions, 2025	262 kb
Reserve Bank of India (All India Financial Institutions – Managing Risks in Outsourcing) Directions, 2025	342 kb
Reserve Bank of India (All India Financial Institutions – Responsible Business Conduct) Directions, 2025	280 kb
Reserve Bank of India (All India Financial Institutions – Know Your Customer) Directions, 2025 (Updated as on December 29, 2025)	676 kb
Reserve Bank of India (All India Financial Institutions – Financial Statements: Presentation and Disclosures) Directions, 2025 (Updated as on April 1, 2026)	743 kb
Reserve Bank of India (All India Financial Institutions – Treatment of Wilful Defaulters and Large Defaulters) Directions, 2025	454 kb
Reserve Bank of India (All India Financial Institutions – Resolution of Stressed Assets) Directions, 2025	483 kb
Reserve Bank of India (All India Financial Institutions – Income Recognition, Asset Classification and Provisioning) Directions, 2025	480 kb
Reserve Bank of India (All India Financial Institutions – Asset Liability Management) Directions, 2025	563 kb
Reserve Bank of India (All India Financial Institutions – Classification, Valuation and Operation of Investment Portfolio) Directions, 2025	433 kb
Reserve Bank of India (All India Financial Institutions – Securitisation Transactions) Directions, 2025	442 kb
Reserve Bank of India (All India Financial Institutions – Transfer and Distribution of Credit Risk) Directions, 2025	504 kb
Reserve Bank of India (All India Financial Institutions – Concentration Risk Management) Directions, 2025	564 kb
Reserve Bank of India (All India Financial Institutions – Credit Risk Management) Directions, 2025 (Updated as on April 01, 2026)	348 kb
Reserve Bank of India (All India Financial Institutions – Credit Information Reporting) Directions, 2025	827 kb
Reserve Bank of India (All India Financial Institutions – Credit Facilities) Directions, 2025 (updated as on April 1, 2026)	455 kb
Reserve Bank of India (All India Financial Institutions– Resource Raising Norms) Directions, 2025	291 kb
Reserve Bank of India (All India Financial Institutions – Prudential Norms on Capital Adequacy) Directions, 2025 (Updated as on March 10, 2026)	2285 kb
Reserve Bank of India (All India Financial Institutions – Undertaking of Financial Services) Directions, 2025 (Updated as on April 27, 2026)	360 kb